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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Enigma who wrote (1120)4/6/1999 5:03:00 PM
From: mineman  Read Replies (1) of 3558
 
If Barrick tops the $7.80 Homestake bid it means they are admitting they made a mistake in not increasing their $5 bid to $5.50 or $6. They would need to go up to at least $8.50 which is $3.50, or 70%, above their previous $5 bid.

It appears they missed the boat by not increasing the ARP bid and then paid $520 million for a dog in East Africa.
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